The forecasted re-import of waste or scrap of stainless steel to Canada demonstrates a consistent upward trend from 2024 to 2028. Starting in 2024 with a volume of 1.2979 million kilograms, it is expected to grow incrementally each year, reaching 1.465 million kilograms by 2028. In 2023, actual figures stood at 1.2555 million kilograms. Year-on-year growth remains steady, with increases ranging from approximately 3% to 3.1%. The compound annual growth rate (CAGR) over this period is projected to be around 3.07%, indicating a robust consistent increase in re-import volume.
Future trends to monitor include advancements in recycling technology and global demand shifts for stainless steel, which could affect Canada’s re-import needs and capabilities. Additionally, policy changes regarding imports and environmental regulations may influence the overall dynamics in this sector.
